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David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
SAN FRANCISCO and TOKYO-At about $9,000 per unit, Nippon Prologis REIT, which is $15% owned by Prologis, will raise around $540 million for the purchase of three Japan properties.
DENVER-October sales volumes were lower than September, but a bit higher than October 2012, and median price was up nearly 12% from the same time last year, according to RE/MAX.
EMERYVILLE,CA-Sacramento, Las Vegas and the SF Bay Area posted the biggest gains as of Oct. 31, but some of those metros also saw the largest increases in inventory, according to Zip's Housing Trends Report.